GROOVE BOTANICALS INC. (GRVE) Form 10-Q — Aug 10, 2026
Groove Botanicals, Inc. filed its 10-Q for the quarter ended June 30, 2026 reporting zero revenue, a net loss of $21,171 (improved from $38,170 a year earlier), and just $1,494 of cash against total liabilities of roughly $1.55 million. The filing carries explicit going-concern doubt, with an accumulated deficit of $35.6 million and a stockholders' deficit of $1.54 million. Operations are funded by advances from CEO Kent Rodriguez, who is owed $774,140 in accrued compensation and advances, while $710,028 of preferred dividends sit accrued and unpaid.
Key figures
- Eps
- -0.00
- Revenue
- 0
- Total Assets
- 2525
- Cash Position
- 1494
- Shares Outstanding
- 59643062
- Monthly rent
- 1200
- Total liabilities
- 1546562
- Ceo monthly salary
- 4000
- Accumulated deficit
- 35630757
- Related party payable
- 774140
- Anticipated capital needs
- $500,000 to $5,000,000
- Auditor settlement income
- 7147
- Quarterly preferred dividends
- 54618
- Series a liquidation preference
- 500000
- Accrued unpaid preferred dividends
- 710028
- Series a accrued dividends outstanding
- 130000
- Series b accrued dividends outstanding
- 580028
AI analysis
Red flags7 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.